EQT Partners with HCR for Natural Gas Supply

EQT Corporation (NYSE:EQT) is one of the 14 Best Aggressive Growth Stocks to Buy According to Analysts. On July 15, EQT Corporation (NYSE:EQT) and Homer City Redevelopment (HCR) announced an agreement in principle for EQT Corporation (NYSE:EQT) to serve as an exclusive partner to provide the natural gas needed to power the 4.4 gigawatt natural gas facility that will serve the Homer City Energy Campus.

The Homer City Energy Campus is a 3,200-acre AI and high-performance computing (HPC) data center campus that is currently under construction and is expected to start producing power in 2027.

EQT Partners with HCR for Natural Gas Supply

A storage facility for natural gas, showing the vast reserves of this abundant energy source.

The site, which was home to Pennsylvania’s largest coal-burning power plant, will be transformed into a next-generation power and data infrastructure center that will combine AI computing with on-site natural gas power generation.

EQT Corporation (NYSE:EQT) will supply up to 665,000 MMBtu/d of natural gas. This deal has been described as “one of the largest single-site natural gas purchases in North American history.”

This agreement also secures a strong, long-term demand for EQT Corporation’s (NYSE:EQT) natural gas production.

EQT Corporation (NYSE:EQT) is an American vertically integrated natural gas company with production and midstream operations focused in the Appalachian Basin.

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Disclosure: None. This article is originally published at Insider Monkey.